3,000 SFPrice Upon Req.
CHARTWELL AUCTIONS DEC. 11, 2013 Lorain Office Building 1505 Kansas Avenue, Lorain, OH OFFERED ABSOLUTE, REGARDLESS OF PRICE: SUGGESTED OPENING BID: $10,000 3,000 SF Completely renovated, 13 private offices, conference rm, 4 baths & newly paved parking lot. Excellent for Medical/General Office or Retail Final On-Site Inspections: Tue. Dec. 3 10am-12 pm For Brochure & Terms Call (216) 360-0009 Hanna Chartwell, Anna Maria Hamm, Ohio Auctioneer
CORPORATE SELLER DIRECTS SALE OFFERED ABSOLUTE, REGARDLESS OF PRICE! SUGGESTED OPENING BID: $10,000 3,000+/- SF of office building on .12 Acres with 13 private offices,1 conference room, eat-in kitchen, 4 baths (1 ADA Compliant), 2 furnaces and 2 A/C units. Perfectly maintained with brick & vinyl exterior construction. Renovations include new windows, paint, carpet, mosaic tile & floor to ceiling glass wall panels for conference & technology room. Newly paved parking lot for 15+ cars. Built in 1961, easily divisible into 3 separate office areas. High efficiency furnace, A/C system & state of the art security system. Perfect Opportunity for Medical/ General Office or Retail Use. RE Taxes: $4,202.04 Cashier' s Check Required to Bid: $5,000 On-Site Inspections: Tues., Nov. 19th & 26th & Dec. 3 from 10:00 am to 12 Noon
32.33 acres for sale along Henderson Drive (Route 611) and the Black River. 1,236.48 feet frontage along the Black River with easy access to Lake Erie. Zoned I-2 for heavy industrial.
25.51 acre development opportunity located near the intersection of Route 58 and Cooper Foster Park Road. Located within minutes of Route 2. Approximately 727' of frontage on Cooper Foster Park Road.
Unit 4 of the Summit II Condominium project in the Oak Point Professional Park. Located at the Oak Point Road exit off Route 2. Across the Street from the Deerfield Shopping Center anchored by Target, Lowe's, Verizon, Great Clips and Panera. Zoned B-1A. Permitted Uses: Business, charitable, financial, professional and consulting offices, exclusive of retail or wholesale activities conducted on the premises. Medical and dental clinics and offices. Private child care center, private business, technical or trade school, public and private schools. (Ord. 94-06. Passed 6-5-06)
Green Bridge Real Estate is pleased to present The HAP Contracted 36 Unit Apartments located at 1833-1845 East 31st Street. in Lorain, Ohio. The approx. 26,847 Sq.Ft. All-Brick, 3-Story Building on 1.09 acres, consisting of 36 units: 24 one bedroom, one bath units of approx.. 700 Sq.Ft. and 12 two bedroom, one bath units of approx. 900 Sq.Ft. Retiring Ownership Directs Immediate Sale of Portfolio. The Lowell Apartments are included in a 74 Unit Total Unit Portfolio Sale offered at $2,449,000. Must be purchased in a 3 building bulk sale. The Lowell Apartments are currently 91% Occupied. Landlord pays Utilities, Trash, Water & Sewer. Leased Laundry Units provide additional income. The Projected Net Annual Operating Income for 2013 is $144,484 or an 11.56% Capitalization rate at the asking price of $1,250,000 ($34,722 per unit). Opportunity to significantly increase income by increasing current Rents to Market Rates and passing thru Individually Sub-metered Electric to Tenants. Pro-Forma Net Annual Income @ 100% Occupancy is $173,182 or a 13.85% Capitalization rate. Some recent Capital Improvements include a New Roof in 2007.
Green Bridge Real Estate is pleased to present The 24 Unit Windhaven Apartments located at 4638-4640 Oberlin Avenue in Lorain, Ohio. The approx. 16,968 Sq.Ft, All-Brick, 2-Story Building on 0.82 acres, consisting of 24 units: 4 one bedroom, one bath units and 20 two bedroom, one bath units. Retiring Ownership Directs Immediate Sale of Portfolio. The Windhaven Apartments are included in a 74 Unit Total Unit Portfolio Sale offered at $2,449,000. Must be purchased in a 3 building bulk sale. The Windhaven Apartments are currently 83% Occupied. Individually Sub-metered, Tenant paid Electric. Landlord pays Gas, Trash, Water & Sewer. 9 Covered Parking Spaces are currently rented for $50 per mo. and 2 Laundry Rooms provide additional Income. The Projected Net Annual Operating Income is $70,055 or a 9.35% Capitalization rate at the asking price of $749,900 ($31,208 per unit). Opportunity to significantly increase income by increasing current Rents to Market Rates. One tenant acts as on-site manager. Mows lawn, shovels snow, keeps property clean. Cleans and prepares units as needed for showings. Some recent Capital Improvements include a Newer Roof on the Parking Garage.
25.51 acre development opportunity located near the intersection of Route 58 and Cooper Foster Park Road. Located within minutes of Route 2. Approximately 727' of frontage on Cooper Foster Park Road. The Traffic count at N. Levitt Road and Cooper Foster Park Road is 10,227 vehicles per day.
Downtown Lorain is in the midst of a Renaissance! In the past few years, there have been more remodeling construction projects than in the prior 15 years combined! A wonderful historic downtown adjacent to the Black River Festival site and Lake Erie is just a half mile north. Come and take a look to see this awesome commercial property in downtown Lorain listed well below tax value. Located on a high traffic, high profile corner, there are 9 separate offices, a 1000 sq ft retail space and a 6000 sq ft basement. Newer roof, boiler, 35ft awning and 40 Low "E" argon double hung vinyl windows. Needs only some cosmetics like carpeting and painting. Motivated Seller. Reduced $40,000 from original price. Currently has 3 units rented out with monthly income of $1300.00. Cap rate uses some estimated expenses.